Thai Khem Khaeng economic stimulus extension likely until 2013

The slow disbursement of Thai Khem Khaeng economic stimulus funds may prompt the government to extend the plan by one more year to 2013, says Korbsak Sabhavasu, the secretary-general to Prime Minister Abhisit Vejjajiva. The latest figures show that only 43 billion baht or 26% of the first stimulus package worth 160 billion baht has been disbursed so far. For the second package worth 150 billion, about 82 billion has been allocated and 42 billion baht disbursed.

Cabinet extends stimulus plan for tourism for another year

Thailand’s cabinet on Tuesday acted to extend a stimulus package for the tourism industry which would otherwise end on March 31 for another year as proposed by the Ministry of Tourism and Sports with the aim to persuade more tourists to visit the kingdom, according to deputy government spokesman Watchara Kannika.

Stimulus measures will remain up to two years

Stimulus measures will remain in place over the next one to two years, Finance Minister Korn Chatikavanij said yesterday, adding that his ministry was assessing how long Thailand could support budget deficits as a result of fiscal injections.

More stimulus measures needed next year says Finance Minister

Finance Minister Korn Chatikavanij yesterday reiterated the need for stimulus measures next…